Nippon Television Network Corporation
(Tokyo Stock Exchange 9404)

Nippon Television Network Corporation (NTV) announced today its revision of proposed year-end dividend payments for the fiscal year ended March 31, 2006.

1. Reason for revision

NTV has implemented a policy of performance-based dividends. The target dividends ratio is set to be 33 % of the non-consolidated net income, with an annual dividend of 100 yen as the floor.
In our report of July 28, 2005, due to previous net income forecast, annual dividends were 100 yen, which included a paid interim of 50-yen dividends. With the revision of financial forecasts for fiscal year ending March 31, 2006, annual dividends will be 105 yen.
In addition, to celebrate the launch of the fully-fledged Video-on-Demand service named NTV2 last fall, the board of NTV has decided to implement a commemorative dividend of 60 yen.
As a result, NTV will raise its year-end dividend for the fiscal year ended March 31, 2006 to 115 yen, which includes the 55-yen ordinary dividend and 60-yen commemorative dividend. This will bring the total dividend for the fiscal year to 165 yen.
This subject will be discussed at the general shareholders' meeting planned for June 2006.